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RESEARCH

WEEKLY
DERIVATIVES REPORT
Indices Hold Gains - Smart Recovery From Support!

06th Sep 2010 to 11th Sep 2010

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 Weekly Report Derivatives
06th Sep Weekly Commodity
to 11th Sep 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Nifty

Sentiment Indicator Nifty:

Particulars 3rd Sept. 2010 27th Aug. 2010 %Change

Spot Nifty 5479.40 5408.70 +1.30

Nifty Futures ( Sept) 5484.90 5415.75 +1.27

Nifty CoC (%) +1.35 +1.40 -3.57

Open Interest 36672450 33302650 +10.11

Volume 253284 459123 -44.83

Nifty Snap
Last week the Nifty Index made a smart recovery from its supports of 5350 and ended with gains of 1.30% at
5479.40. On the derivatives front the Nifty Futures ended in the positive territory along with an overall addition
of open interest but slight decline in the cost of carry, this is an indication of some shorts being built at higher
levels. For the coming week Nifty would continue to face resistance at its 5520/5555 levels , a decisive
maintenance above this mark will provide further strength to it and in that case it can head towards its 5600
levels whereas on the downside support for the Index is seen at 5440/5350 levels.

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 Weekly Report Derivatives
06th Sep Weekly Commodity
to 11th Sep 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Bank Nifty

Sentiment Indicator Bank Nifty:

Particulars 3rd Sept. 2010 27th Aug. 2010 %Change
Spot Bank Nifty 10991.20 10727.45 +2.40

Bank Nifty Futures (Sept) 10977.70 10741.70 +2.19

BankNifty CoC (%) -1.66 +1.42 -216.90

Open Interest 2580275 2425225 +6.39

Volume 33105 76116 -56.50

Bank Nifty Snap

Last week the Bank Nifty Index also recovered from its lows of 10650 levels and ended at 10991.20 gaining
2.40%. On the derivatives front we have seen the Bank Nifty futures ended in the green terrain along with an
overall addition of open interest but decline in the cost of carry, this is an indication of some shorts being built at
higher levels. For the coming week Bank Nifty Index is likely to continue its uptrend and will face resistance at
11130/11225 levels whereas on the downside support for the index is seen at 10771/10552.

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 Weekly Report Derivatives
06th Sep Weekly Commodity
to 11th Sep 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - CNX IT

Sentiment Indicator CNX IT:

Particulars 3rd Sept. 2010 27th Aug. 2010 %Change

Spot CNX IT 6076.10 6005.90 +1.17

CNX IT Futures (Sept) 6080.40 6013.80 +1.07

CNX IT CoC (%) +0.96 +1.41 -31.91

Open Interest 26900 11500 +133.91

Volume 308 330 -6.67

CNX IT Snap
The CNX IT Index last week closed at 6076.10 gaining 1.17%. On the derivatives front the CNX IT futures prices
have surged along with an overall addition of open interest but decline in the cost of carry, this is an indication
of some shorts being built in it at higher levels. For the coming week the CNX IT index Support is seen at
5990/5860 levels whereas on the upside immediate resistance for the index is seen at 6125/6158 levels above
this mark the next major resistance is seen at 6220/6280 levels.

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 Weekly Report Derivatives
06th Sep Weekly Commodity
to 11th Sep 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Options Snap

From the OI Concentration (Sept. Series) we can see that maximum addition of open interest on the call options
front is existent at strike price of 5600 & 5700 (with nearly 99 lakh and 86.62 lakh shares outstanding in open
interest respectively) indicating this as the resistance zone on the upside whereas on the put options front we
have seen maximum addition of open interest at strike price of 5400 (with 1.14 crores shares outstanding in
open interest) indicating it as a strong support on the downside.

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 Weekly Report Derivatives
06th Sep Weekly Commodity
to 11th Sep 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

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